Juettner-Nauroth, Beate E. - Economics Institute for Research (SIR), … - 2003
This paper studies some fundamental issues concerning the relation between market value of equity and the fair value of … Measurement (IAS 39) in non-aktive markets. It is shown that the fair value of a financial derivative is not relevant in a non …-active market. It is also demonstrated that in a setting of a non-active market, determining the fair value under the fiction of an …